January 2021 saw a 39.41% increase in new listings compared to December 2020, the largest month over month increase since May 2020.There were 1045 less closings in January 2021 then in December 2020, a 24.36% decrease. The Median Sales price remained the same at $320,000.
This chart makes it look like a volatile market with the crazy lines but if we take a look at the weekly inventory chart below we might see a different story. Remember the inventory is the sum and difference of new, sold, terminated, expired, pending, and withdrawn listings as well as those that were put back on the market. Each week there is a loss of well over 1000 listings and that has been happening since last year.